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20121201
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's not just about the u.s. they make a lot of money other places, right, phil? >> they do. china. china is huge for them and southeast asia. they're growing around the world. doesn't mean clear sailing. but it's a much healthier company than it was when it went into bankruptcy. >> michelle krk you tell me why buicks are so popular in china? >> it has a long history of strong image there. >> they're buicks. >> gm went in early. well, it's got a different image there. >> even tiger finally said i can't sell these things. >> any, appreciate it, michelle. thanks for trying to give me a straight answer. i'm sitting in the same chair i sit at in the morning. the big report on what happened in benghazi came out late last night and it seemed to go to great luns. >> they were mid level, right? >> yrks joe, they took the fall. from my information, i want to emphasize bend has been ongoing information. this state did and right now the people leaving the state department are victims of the government's need to cover up the larger story, that the security at the benghazi mission and it was a with th
-- they're pumping in liquidity. so is china. now, in the long run, we may come to regret this very much. in the short run, i have a feeling all this liquidity is a bigger issue than the fiscal cliff for stocks. >> for stocks. i totally agree with you. we're printing money all around the world. it's good for the stock market. but we're pumping liquidity in, lower growth forecast from the ex, just about any acronym entity that you think of, we've seen lower growth forecast at the same time the credit spreads have come back down. yes, i think things are calmer. these are good things for equities. the yields on corporate bonds, you have to go out seven, eight years to get money on junk paper. corporations have more cash on their balance sheet. they're buying back shares. >> ting the financial picture -- there's nobody that's cutting marginal tax rates. nobody's deregulating and there's nobody that's limiting government. i get that. there's no supply side policies going on. but when you look hat the financial fear spreads or the financial risk spreads -- and here's one, banks. i saw dick bov
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